Spitzer to file civil complaint against AIG today

AlistairBarr

SAN FRANCISCO (MarketWatch) -- New York Attorney General Eliot Spitzer will file a civil complaint against American International Group
AIG, -0.79%
later today, according to a person familiar with the situation. Spitzer and other regulators have been investigating the giant insurer's accounting and whether it used certain reinsurance transactions to manipulate its financial statements. The probes forced Maurice "Hank" Greenberg, AIG's former chief executive and chairman, to step down in March and the company to admit to a series of accounting improprieties that helped inflate its net worth by $2.7 billion, or 3.3%.

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